BNB market analysis
The 1-hour level shows a sideways market, and the market is temporarily in a wait-and-see state;
The 2-hour level shows a rebound, showing a certain upward momentum.
However, on a larger time frame, the 4-hour level is in a bearish trend.
Focus on the price: 584.42#CryptoTradingGuide
In the current market environment, the price of 584.42 has become the key point for both long and short parties to compete.
As long as the price can stabilize above this price, the opportunity to enter the long position will emerge.
Once the price breaks through and stabilizes, #MicroStrategy增持BTC #美联储何时降息？
The upper target can be seen near the three positions of 589.00, 592.82 and 596.85, and investors are expected to obtain considerable returns near these positions.
If the downward breakout occurs, the opportunity for short positions will appear
However, if it falls below the 2-hour long and short prices, it will be a good opportunity to enter the short position.
At this time, the target position below can be seen near 579.45, 576.17 and 572.55$BTC $BNB $ETH
